Claraphi Advisory Network LLC acquired a new stake in General Dynamics Co. (NYSE:GD) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,566 shares of the aerospace company’s stock, valued at approximately $929,000.

Several other large investors have also recently made changes to their positions in GD. ETRADE Capital Management LLC grew its position in shares of General Dynamics by 38.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock valued at $481,000 after buying an additional 643 shares during the last quarter. Brightworth purchased a new position in shares of General Dynamics in the 3rd quarter valued at $5,882,000. Park National Corp OH grew its position in shares of General Dynamics by 7.6% in the 3rd quarter. Park National Corp OH now owns 45,986 shares of the aerospace company’s stock valued at $9,454,000 after buying an additional 3,234 shares during the last quarter. Amalgamated Bank grew its position in shares of General Dynamics by 1.8% in the 3rd quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company’s stock valued at $6,318,000 after buying an additional 549 shares during the last quarter. Finally, Alpha Cubed Investments LLC purchased a new position in shares of General Dynamics in the 3rd quarter valued at $278,000. 87.26% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of General Dynamics to $258.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Jefferies Group increased their target price on shares of General Dynamics to $247.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Bank of America increased their target price on shares of General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Argus increased their target price on shares of General Dynamics from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. General Dynamics has an average rating of “Hold” and an average target price of $231.94.

General Dynamics Co. (NYSE:GD) opened at $221.72 on Monday. General Dynamics Co. has a 52-week low of $180.02 and a 52-week high of $229.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. The stock has a market cap of $65,827.70, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.85.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. During the same period last year, the firm posted $1.89 EPS. General Dynamics’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts anticipate that General Dynamics Co. will post 11.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, January 18th. General Dynamics’s payout ratio is currently 35.18%.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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